Google Play mobile download button
Apple IOS mobile download button
Google Play mobile download button
Apple IOS mobile download button
HomeBusiness: Gold futures end higher, reach a ‘golden cross’

Balanced News: : Gold futures end higher, reach a ‘golden cross’

Our 'quick read' news summary

Gold futures reached a so-called “golden cross” on Friday, with the most-active contract ending above $1,900 an ounce for the first time since late April, according to Dow Jones Market Data. A golden cross happens when a short-term moving price average crosses above a long-term moving average, potentially indicating a change in sentiment toward the metal. The 50-day moving average for most-active gold futures rose to $1,789.94 Friday, topping the 200-day moving average of $1,786.74.

Read different perspectives from these news sources

How useful was this post?

Click on a star to rate it!

Average rating 0 / 5. Vote count: 0

No votes so far! Be the first to rate this post.

More top reads from Balanced News Summary

Do you agree with this post's rating?
0
(0)
- Advertisment -
- Advertisment -